Even experienced businessmen can become bewildered by the confusing process of an IRS audit. An experienced Miami tax law attorney can help taxpayers deal with the IRS and determine the best way to avoid accuracy related penalties that may be imposed on a taxpayer. There are many ways that Miami businessmen can become involved in a civil tax controversy with the IRS. A civil tax controversy often begins with a "red flag." These are more common for successful businessmen because the IRS routinely audits high-income individuals more often than everyone else.
A massive criminal tax fraud investigation has resulted in a raid on a Florida home. Authorities issued a 169-count indictment in a national tax-fraud case involving two Miami-based companies and recently raided the Orange County home of one of the businessmen charged in the case.
Swiss banks will probably settle a sweeping U.S. probe of offshore tax evasion by paying billions of dollars and handing over names of thousands of Americans who have secret accounts, according to two people familiar with the matter. Read more.
In yesterday's post we discussed the possible prison sentence that a former Florida tax auditor faces for filing false returns. Authorities say that the tax auditor prepared federal tax returns as a side job but failed to report all of the income that he earned from that job. Another tax professional recently pleaded guilty to criminal tax fraud charges. The U.S. Attorney's Office says that a 47-year-old former D.C. tax examiner pleaded guilty Thursday to participating in a tax fraud scheme which resulted in $400,000 in fraudulent returns.
One of the most frightening things that can happen to a Florida resident is being accused of tax fraud. Criminal tax fraud allegations are very serious and can have dire consequences for a Florida taxpayer including prison time, fines or probation. A tax fraud conviction can also cause a businessperson to lose their good standing in the community and forever tarnish their reputation with lenders. There are multiple types of tax fraud, each with specific elements and penalties. An experienced Florida tax fraud attorney can help explain a taxpayer's rights and provide an aggressive defense against tax fraud charges.
Collection due process cases are among the most difficult tax cases to bring in tax court because the burden of proof is on a Florida taxpayer. This means that the IRS does not have to justify its failure to pursue more reasonable collection alternatives and the taxpayer has the burden to prove that the IRS' lien or levies should be released.
Serious consequences may occur when the IRS decides to accuse a Miami resident of tax fraud. A tax fraud conviction could result in very large fines, penalties or even jail time. It is important for Florida residents embroiled in tax controversies to consult with experienced Miami tax law attorneys who will aggressive protect a taxpayer's rights. An experienced tax law attorney will know how to deal with complex audits and federal grand jury subpoenas.
Sometimes, legislation will be proposed to Congress which contains some provisions which regard taxes.
The U.S. government puts forth many rules and regulations regarding federal taxes. These rules and regulations can touch on many different tax matters.